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Which of the following statements is false regarding the flows to equity model? Group of answer choices a The flows are reduced by cash interest

Which of the following statements is false regarding the flows to equity model?

Group of answer choices

a The flows are reduced by cash interest payments.

b The flows calculation begins with free cash flow

c The forecasted cash flow stream to be discounted is reduced by flows to preferred shareholders.

d The flows are increased by debt repayments.

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